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TIRANA, Nov. 27 – Ongoing financial straits and failure to meet investment requirements and keep up with its competitors led Plus Communication, the sole Albanian-owned mobile operator, to sell its operations to the country’s two largest mobile operators, the competition authority has unveiled after approving the transaction. Albanian-owned Plus, the smallest and sole Albanian-owned mobile operator, has agreed to sell half of its frequency spectrum to Vodafone Albania and the remaining half to Telekom Albania for an undisclosed amount, in a move which makes the country’s mobile telephony market fully foreign-owned and practically reduces market competition with three remaining operators….
